A Conventional Mortgage or Loan is a mortgage loan that is not backed by a government agency. These Mortgage Loans come in every shape and size and they do not provide some of the benefits such as VA, FHA, or USDA loans, these loans remain the most common type of mortgage loan. Conventional mortgage Loans … Read more
A Fixed-Rate Mortgage is a type of Mortgage Loan where the interest rate remains the same throughout the Loan Term. Fixed-rate mortgage refers to a Home loan that has fixed interest rates which means that the mortgage carries constant interest rates from the start to the end. Fixed-rate Mortgages are the most popular products for … Read more
Adjustable-rate mortgages or ARM are the type of mortgage that offers variable interest rates on every period’s outstanding balance on the Loan. It is the type of Mortgage Loan that carries an interest rate that is constant at first but changes over time. when the period is over then the interest rate will change at … Read more
PHH Mortgage Corporation is a non-bank lender that has provided Mortgage Services since 1984. It is the subsidiary of Ocwen Financial Corp, which acquired the PHH Mortgage in 2018. PHH Mortgage offers plenty of mortgage services including conventional loans, FHA, VA loans, and refinancing. PHH Mortgage is headquartered in Mount Laurel, New Jersey. With PHH … Read more
A Mortgage is a Type of Loan that is used to purchase or maintain a home, plot, or any other type of real estate. A Mortgage is also referred to as the Mortgage Loan and it is the agreement between borrowers and mortgage lenders. The mortgage is the written agreement that gives the lender the … Read more